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My understanding is that WeWork has long term commitment with the landlords, and cannot walk out of it, thus canceling their leverage.
by throwaway744678 7y ago
My understanding is that WeWork has long term commitment with the landlords, and cannot walk out of it, thus canceling their leverage.
- polygotdomain 7y agoThe entity on the lease is a single SPE that is specific for that one lease. The landlords to not have the We corporation behind the lease itself. WeWork is fully aware of the possibility that their business model does not become as profitable as they've portrayed and left themselves the back door of getting out of leases. Landlords don't like it, but WeWork does not budge on this in negotiations.